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Breaking News-RTRS-Palm oil to pull edible oil prices upwards-Oil World

Posted by Flora Sawita Labels:

HAMBURG, Dec 16 (Reuters) - Global palm oil prices are likely to rise in coming months and will help strengthen other vegetable oil markets, Hamburg-based oilseeds analyst Oil World said on Tuesday.
"We forecast prices of crude palm oil (cif Rotterdam) will increase to $660 in Jan/June 2009," it said in a weekly report. Cif Rotterdam crude palm oil prices are now around $500 a tonne.

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